Det norske oljeselskap ASA has received the go-ahead to develop Jette. Today, the Norwegian authorities approved the Plan for Development and Operation (PDO) of the field, which is operated by Det norske. Jette is the company’s first field development as operator. CEO Erik Haugane states that this r
The Statnett Group reports profit after tax for 2011 of NOK 1 000 million, the corresponding figure for 2010 was NOK 2 198 million. In the fourth quarter of 2011 profit after tax was NOK 226 million, compared to NOK 567 million in the fourth quarter of 2010. In the fourth quarter of 2011 total [&hel
Russia’s biggest shipping company Sovcomflot announces the acquisition of the region’s leading seismic organization Sevmorneftegeofizika (SMNG), in order to set up a seismic survey business of international specifications. According to Kommersant, Sovcomflot will get 100 percent of the shares in SMN
Major oil and gas companies have formed a dedicated cluster group to collaborate on identifying common technology challenges and potential solutions pertinent to the industry in Australia. Established by global technology facilitator, ITF, nine operators and international service companies including
2011 was a very good year for Det norske oljeselskap ASA. The company’s resource base tripled, and Det norske succeeded in securing long-term financing. Statoil, as operator, lifted the estimates for the section of Johan Sverdrup located in production license 265 to between 900 and 1,500 million bar
Total announces the signature of production sharing agreements with the Côte d’Ivoire state and national oil company Petroci for three new ultra-deep offshore licenses. Total will operate the CI-514 license with a 54% interest, in partnership with Canadian Natural Ressources International (36%) and
Statoil and partner ExxonMobil confirm that the Zafarani-1 well in Block 2 offshore Tanzania has encountered indications of natural gas in a good quality reservoir. Drilling operations are still on-going and it is too early to give any indication of size and commerciality. The well was spudded in ea
N-Seatec has been awarded an order for delivery of a complete HD Camera system. The Bowtech Surveyor HD Camera will be mounted on a Workclass ROV for inspection purposes and will have HDSDI output and delivered complete with cabling and interfacing. N-Seatec is the exclusive representative and distr
FES International, a global provider of fluid transfer systems, has announced the completion of the first phase of a major new project with Saipem Drilling, in which it supplied a range of products, enabling fluid flushing and pressure testing to support the delivery of the Nord Stream consumer gas
The Belgian Navy has added to its fleet of Autonomous Underwater Vehicles (AUVs) from Hydroid, Inc., a subsidiary of Kongsberg Maritime and the leading manufacturer of AUVs. Two new REMUS 100 AUVs will enable the Belgian Navy to detect underwater mines, improvised explosive devices and other undeton
Aker Solutions reported an 18 percent increase in revenues and a solid operating result in the fourth quarter of 2011, reflecting strong market conditions and high activity in the oil and gas industry. Revenues in the fourth quarter of 2011 amounted to NOK 11 600 million, compared with NOK 9 794 mil
OceanServer Technology, Inc. has recently delivered two AUVs to SC Marine Research SRL located in Bucharest, Romania. Marine Research is a new and dynamic company devoted to the research of aquatic environments in and around Romania. The two IVER2 systems will initially be used to map the sea bottom
As part of the Roosevelt Island Tidal Energy project, 30 turbines are being installed along the strait that connects the Long Island Sound with the Atlantic Ocean in the New York Harbor. The project, led by Verdant Power, Inc., is the first ever commercially licensed tidal energy project in the Unit
Oceaneering International, Inc. reported record fourth quarter and annual earnings for the periods ended December 31, 2011. For the fourth quarter of 2011, on revenue of $574.2 million, Oceaneering generated net income of $58.3 million, or $0.54 per share. During the corresponding period in 2010, Oc
